Sensex turns positive for November; govt reforms key

The Sensex, Nifty edged higher on Thursday, turning flat to slightly positive for the

RELATED ARTICLES

month, as a weaker rupee boosted IT shares such as Infosys, while banking stocks such as SBI rose on the first day of the winter session of parliament.

Infosys provisionally rose 1.4 percent, while State Bank of India gained 1.8 percent.

The Sensex provisionally gained 0.26 percent, while the Nifty ended up 0.23 percent.

Markets @ 09.00 AM (Reuters)

The BSE Sensex gains 0.2 percent, while the Nifty advances 0.11 percent. Gains also track higher Asian shares after a survey shows China's manufacturing sector expanded for the first time in 13 months in November.

Banking stocks are among the leading gainers on hopes the winter session of parliament kicking off on Thursday will pass bills to liberalise the insurance, pension and banking sectors.

The government's move to allow state-run Life Insurance Corp (LIC) to triple the maximum stake it can hold in other companies to 30 percent also helping banks, dealers say.

The government owns stakes in lenders including SBI and Axis, reducing potential overhang fears.

State Bank of India gains 1.2 percent, after falling 2.3 percent in November as on Wednesday's close. Axis Bank gains 1.6 percent.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

EDITORIAL OF THE DAY

  • Govt can’t clamp down on voices that ask uneasy questions

    It has hardly been a peaceful annum for Greenpeace’s India arm that has been in and out of trouble over the last one year.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Varun Dutt

<b>Risk Factor:</b> The blame game

In decision-making, the fundamental attribution error (FAE), also known as ...

Zehra Naqvi

Dignity of labour is dignity of life

M Rafi Khan, a retired police IG, used to ...

Gautam Gupta

Retailers have it tough, thanks to e-commerce

For the past few months our focus has been on ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture